You'll have a hard time finding testimonials on program trading dot com or anything related to HL Camp except for a few news articles where Hank gives his opinion on the status of the market as it relates to program trading. I enjoyed his seminar. I don't think it was worth $3500 plus travel but there was something to learn that I feel I couldn't have learned had I not gone. Hank himself is a great guy and l loved hanging out with him and getting his take in person. He has been around the market for a long time.
Hope that helps. We can talk n the phone if you'd like and I can elaborate.
A few members of the futures.io group have asked that I no longer make private my thoughts on Program Trading seminars and or Hank Camp. Their reason is that this is a public forum...that it is only useful if we all share our experiences with everyone rather than talk in whispers. These thoughts should be available for anyone doing their due diligence on program trading and the even more mysterious world of those that would charge to teach it to you.
I will instead make these comments available to all so as to allow anyone who wishes to search for a personal perspective of the HL Camp subscriptions and seminars.
You can get a lot of this information for free - the trick is to understand how the information is used.
If you get $ESINX data you can setup the buy/sell/premium(fair value) levels every day and watch the action. Essentially, it's a balance between the cash and futures markets.
Look through this website - might give some clarification of how it works - and it's free.
Very true. This seminar is all about getting Hank's perspective on how the premium can affect the big program trading desks actions. All of the information is available online already and or in your trading software. His take is that you don't know what to do with it and you are basically screwed if you don't let him teach it to you. Hank and his partner Rita are extremely knowledgeable on the inner workings of the market. No one knows if they're actually good traders. As far as I can tell their number one specialty is good old fashioned 'salesmanship'. They are really really good at it. I was definitely convinced that if I wanted to be a professional trader I wouldn't last very long without the information the seminars would provide me. I took the course via webinar which turned out to be a good decision. There is a lot of material to go over so it was nice to spread out at my own desk. I highly recommend doing it that way if you decide to take the plunge.
In the end phantom trader is correct though. You can get all this knowledge from several different sources. And you don't need to pay thousands of dollars. If you've got the extra cash though I say why not do it? You will definitely learn something you didn't know before.
Was wondering if you use the premium/fair value in your trading? I found that it was nice information to know i.e. market mechanics - but did little for my trading simply because the peaks and valleys relative to fair value every day weren't reliable. It functions a little bit like the TICK - when the TICK hits -1000 or +1000 you expect a reaction in the market - well it doesn't always happen and even if it does, it's hard to catch a good trade.
I ran an MA over the $ESINX just to get a general idea of where it was reporting relative to that day's fair value. I didn't come up with anything that seemed consistently useful.
Funds that trade baskets of stocks may find it useful for timing their trades. For the typical day trader, however, I don't see it as being useful.
No I don't use the PREM anymore. I talked to a guy working the Goldman desk and he said they do have it up on their screens but rarely use it for a trade decision. Arbitrage trades are all computerized now so the whole idea of watching the PREM is dated.